Mathematics, 27.04.2020 01:36 ARandomPersonOnline
Suppose that the probability that a person will die in the next 20 years is 18.1452% if this person has a life insurance policy that will pay out $25,000 to the beneficiaries of the policy if a person dies in the next 20 years what will be the premium policy? assume that the administrative costs of the policy amount to $45
$25,000 wrong
$4,536.30 wrong
$4,523.89 wrong
$4581.30 correct answer divide 18.1452% by 25000 then add the $45
Answers: 3
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